My Value Trade vs ShareKhan – Point by Point Comparison

The first thing you need to remember while comparing My Value Trade with ShareKhan is that ShareKhan is a full service broker while My Value Trade is an online share trading platform that provides discount broking services.

My Value Trade does not charge you anything to open a trading account, while the fee for opening the same with ShareKhan is Rs. 750. Annual maintenance cost too is nil for My Value Trade, and Rs. 450 for ShareKhan.

The pricing of the two is hugely different. My Value Trade provides you with greater benefits at a lower cost, which you can add to your profits. There are no minimum brokerage charges for My Value Trade, while Share Khan charges Rs. 0.10 per share. All equity and commodity broking services are charged at Rs. 10 by My Value Trade. ShareKhan start at 0.10% for equity intraday, equity future, currency futures and commodity charges, 0.50% for equity delivery charges, and goes as high as 2.5% or Rs. 100 per lot (whichever is higher) for equity options charges.

Investment services like stock and equity, commodity and currency are provided by both. ShareKhan also provides services like IPO, debt, mutual funds and bond/NCD.

My Value Trade ShareKhan
Basic Information Type of Broker Discount Broker Full Service Broker
Fees for Opening Trading Account Nil Rs. 750
Annual Maintenance Charges of Trading Account Nil Rs. 450
Fees for Opening Demat Account Rs. 555 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 400
Brokerage Charges Equity Delivery Charges Rs. 10 0.50%
Equity Intraday Charges Rs. 10 0.10%
Equity Future Charges Rs. 10 0.10%
Equity Options Charges Rs. 10 Rs. 100 per lot or 2.5% on premium, whichever is higher
Currency Futures Charges Rs. 10 0.10%
Currency Options Charges Rs. 10 Rs. 100 per lot or 2.5% on premium, whichever is higher
Commodity Charges Rs. 10 0.10%
Minimum Brokerage Charges Nil Rs. 0.10 per share
Transaction Charges Equity Delivery 0.00% 0.1% from both sides
Equity Intraday 0.00% 0.03%
Equity Futures 0.00% 0.17% from selling side
Equity Options 0.06% on Premium 0.017% on premium from selling side
Currency Futures 0.00% 0.17% from selling side
Currency Options 0.042% on Premium 0.017% on premium from selling side
Commodity 0.0025% (Non-Agri) 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform MVT Trader Trade Tiger
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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